49.8% Of All NYSE Trading Thursday Was Short Selling. AZM, MSO, BKD, GFA, IPI, RBA Highest % Of Daily Trading Volume Short
October 2, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, has reviewed the NYSE Daily Short Volume Report for Thursday, October 1st, 2009 and come to the following statistical conclusions. There were 6,432 stocks with daily short volume reported and total NYSE trading volume of 1,384,285,607 shares. Total Daily Short Volume was 689,793,264 shares. 49.8% of all trading on the NYSE Thursday was short selling. The chart below highlights 6 stocks that had unusually high percentages of their total daily trading volume attributed to short sales. Allianz SE (NYSE: AZM), Martha Stewart Living Omnimedia (NYSE: MSO), Brookdale Senior Living (NYSE: BKD), Gafisa SA (NYSE: GFA), Intrepid Potash (NYSE: IPI) and Ritchie Bros. Auctioneers (NYSE: RBA). To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Date Symbol Short Volume Total Volume Market Percent
20091001 AZM 161,900 177,000 P 91.47%
20091001 MSO 77,550 90,458 P 85.73%
20091001 BKD 73,325 88,025 P 83.30%
20091001 GFA 146,682 177,958 P 82.43%
20091001 IPI 164,203 200,341 P 81.96%
20091001 RBA 67,868 83,062 P 81.71%
In late October 2008 the SEC updated Regulation SHO requiring that all short sellers must locate, borrow and deliver any shares they have shorted, no exceptions, by T+3 settlement date. If not, a buy-in must be forced by the broker dealer that the short seller transacted through by the opening of the market on T+4. Since a company first appears on the naked short list when short sellers have been failing to deliver for 5 consecutive trading days, stocks should theoretically never be on the naked short list again. BUYINS.NET will monitor the exchangesai naked short lists daily and issue an alert and notify the SEC and FINRA should short sellers fail to deliver on any short sales.
Reg SHO Rule 204 (i) requires brokers to deliver shares on long and short sales of publicly traded equity securities by settlement date, (ii) continues to require brokers to close-out fails to deliver by the beginning of trading on T+4 for short sales and T+6 for long sales, (iii) precludes clearing brokers and their introducing brokers from selling short a security, other than on a pre-borrowed basis, if a fail to deliver in that security is not timely closed out until the fail is closed out and that close-out transaction settles, (iv) allows clearing brokers to allocate fails to introducing brokers and (v) continues to permit brokers to rely upon pre-fail credit to satisfy Rule 204's close-out requirement to avoid the pre-borrow requirements when a fail at a clearing broker has not been closed out. However, the SEC liberalized certain of these provisions in several regards. For example, permanent Rule 204 now allows a broker to close-out a fail on a long sale by borrowing the security, whereas Rule 204T had only permitted closing out long fails by buying-in, which should alleviate some of the buy-in risk for investors that experience long fails. Similar relief was extended to close-outs for market maker fails, so that a fail from a bona fide market making transaction (including short and long fails) can now be closed out by the beginning of trading on T+6 by borrowing the security. Further, Rule 204 now permits a broker to borrow securities to obtain pre-fail credit for early close-outs, whereas temporary Rule 204T only permitted pre-fail credit to be obtained by purchases of securities.
The SEC refused requests to extend the close-out deadline for fails to deliver to the close of business on the close-out deadline, choosing instead to retain the requirement that all fails be closed out by the beginning of trading on the applicable close-out deadline. The Commission also rejected requests for a fail to deliver exception that would have provided an exception from the close-out requirements if a clearing broker's fail position was below a certain amount but said that it would continue to monitor whether a de minimis or odd lot exception could be warranted.
Allianz SE (NYSE: AZM), through its subsidiaries, provides insurance and financial products, and advisory services in Germany and internationally. It operates in four segments: Property-Casualty, Life/Health, Banking, and Asset Management. The Property-Casualty segment provides various insurance products, including motor liability and own damage, home owner, accident, general liability, and travel insurance for private clients; and property, motor fleets, directorais and officerais liability, credit, marine, and aviation and transport insurance products to corporate clients. The Life/Health segment offers a range of life and health insurance products to individuals and groups. Its products include annuity, endowment and term insurance, disability, and investment-oriented products, as well as private health, group life products, and pension products for employees. The Property-Casualty and Life/Health segments serve customers primarily in Europe, the United States, and the Asia-Pacific, as well as in Turkey and Brazil. The Banking segment offers banking products for corporate and retail customers in Germany, France, Italy, and central and eastern Europe. The Asset Management segment provides asset management products and services for third-party investors. It serves a range of retail and institutional asset management clients, including corporate and public pension funds, insurance and other financial services companies, governments, and charities, as well as financial advisors. This segment offers its products and services in the United States and Germany, as well as in France, Italy, and the Asia-Pacific region. The company was formerly known as Allianz AG and changed its name to Allianz SE in October 2006. Allianz SE was founded in 1890 and is headquartered in Munich, Germany.
Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) operates as an integrated media and merchandise company in the United States. It creates media and merchandise in the areas of cooking and entertaining, holidays, crafts, home, whole living, weddings, organizing, and gardening. The company operates in four segments: Publishing, Merchandising, Internet, and Broadcasting. The Publishing segment publishes magazines, books, and newsletters relating to home and womenais lifestyle, cooking, weddings, and whole living. The Merchandising segment designs merchandise and related packaging, promotional and advertising materials, and the licensing of various trademarks owned by the company, in connection with retail programs conducted through third-party retailers and manufacturers. The Internet segment engages in the online ad sales primarily through its Web site, marthastewart.com; sale of flowers; and sales of digital photography products. The Broadcasting segment produces television and satellite radio programs, and distributes these programs in existing and repurposed formats. The company was founded in 1996 and is based in New York, New York.
Brookdale Senior Living Inc. (NYSE: BKD), together with its subsidiaries, operates senior living communities in the United States. The company operates retirement centers, assisted living communities, and continuing care retirement communities (CCRCs). Its retirement centers offer basic services, such as meal service, 24-hour emergency response, housekeeping, concierge services, and transportation and recreational services; supplemental care services, including medication reminders, check-in services, and escort and companion services; and various education, wellness, therapy, home health, and other ancillary services. The companyais assisted living communities provide housing and 24-hour assistance with activities of daily living to mid-acuity frail and elderly residents. These centers also offer health assessments, meals and snacks, co-ordination of special diets planned by a registered dietitian, assistance with co-ordination of physician care, social and recreational activities, housekeeping, and personal laundry services. In addition, these centers provide exercise programs and programs designed to address issues associated with early stages of Alzheimerais and other forms of dementia. Its CCRCs offer living arrangements and services to accommodate various levels of physical ability and health; and ancillary services, including therapy, home health, and other services. As of December 31, 2008, Brookdale Senior Living Inc. operated 85 retirement center communities with 15,251 units/beds, 409 assisted living communities with 21021 units/beds, and 32 CCRCs with 11,183 units/beds, as well as 22 communities with 4,349 units/beds that provided management services for third parties. The company is headquartered in Brentwood, Tennessee.
Gafisa S.A. (NYSE: GFA) operates as a homebuilder in Brazil. It engages in the development of residential buildings, including luxury buildings, comprising swimming pools, gyms, visitor parking, and other amenities for upper-income customers; buildings for middle-income customers; and entry-level housing for lower-income customers. The company also develops land subdivisions, and other mid-level and commercial buildings; and provides construction services, such as residential and commercial projects building services to third parties. It serves development and construction service clients. Gafisa S.A. was founded in 1997 and is headquartered in Sao Paulo, Brazil.
Intrepid Potash, Inc. (NYSE: IPI), together with its subsidiaries, engages in the production and marketing of muriate of potash or potassium chloride and langbeinite. It also offers by-products, including salt, magnesium chloride, and metal recovery salts. Intrepid serves agricultural, industrial, and feed markets. The company was founded in 2000 and is based in Denver, Colorado.
Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) operates as an industrial auctioneer. The company sells equipment to on-site and online bidders worldwide. It sells various used and unused industrial assets, including equipment, trucks, and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum, and marine industries through unreserved public auctions. The company also provides Internet bidding services, which facilitate customers access to live and online auction participation. As of December 31, 2008, Ritchie Bros. Auctioneers operated from approximately 110 locations, including 38 auction sites located worldwide. Its customers include end-users of equipment, finance companies and banks, truck and equipment dealers, equipment rental companies, and manufacturers. The company was founded in 1963 and is headquartered in Richmond, Canada.
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